The market never waits for those who hesitate; action is the only ticket to get on board. On Monday afternoon, the Bitcoin market did not break out of a larger range, with the price first falling to a low of 112119 before stopping, and then rebounding slightly to a high of 112927. The Ethereum market similarly maintained a movement in sync with Bitcoin, with the price oscillating within the range from a high of 4426 to a low of 4135.

According to the four-hour level, after a significant drop, the market has formed a long lower shadow line, and the bulls have also provided a certain degree of rebound. The support at the lower resistance level is quite evident, but the overall trend has not seen a clear reversal. The Bollinger Bands are opening downwards, and market sentiment remains weak. From the one-hour level, after experiencing two consecutive bullish rebounds, the market is under pressure again. It is clear that the short-term rise in price is merely a normal rebound correction. Therefore, our thinking for the evening remains bearish.

Bitcoin around 113000-113500 can be shorted, targeting 111500-111000.
You can short Ethereum near 4200-4230, targeting 4100-4050 #美联储降息25个基点 #BTC战略储备市场影响 .